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Kochi refinery’s turnover to touch Rs 70k crore after expansion: BPCL

TNN | Feb 27, 2019, 04:33 IST

Kochi: With the completion of the second phase of the petrochemical project, the turnover of Kochi refinery will touch Rs 70,000 crore from the current Rs 60,000 crore, said a top official of the refinery, owned by Bharat Petroleum Corporation Ltd (BPCL).
After the implementation of the integrated refinery expansion project, Kochi refinery will have the capacity to produce 500,000 metric tonnes per annum (MTPA) of propylene and the refinery is planning to use it as main feed stocks of petrochemicals. These petrochemicals, which are imported currently, could be used in the production of a wide range of products such as paints, printing inks, automotive parts, diapers, cosmetics and medicines.

“As we got 170 acres of land from FACT, we are going for the second phase of the petrochemical project. In that, we will use 250,000 tonnes of propylene for the production of polyol. The biggest use of polyol is in the production of Polyurethane Foam (PUF), and the market for PUF in the country is growing by 10-12% annually,” said Prasad K Panicker, executive director, Kochi refinery.

“The total investment for the polyol project is Rs 11,130 crore. The work has started already and we have got investment approvals, environmental clearance and other approvals. We have started the site work also,” Panicker said. This complex is expected to be operational by the end of 2022.

He also said that the first phase of the petrochemical project – the propylene derivative petrochemical project – is going to complete in a few months’ time. “This is Rs 5,500-crore project and it will be ready in 2019 itself,” Panicker said.

In this project, 250,000 tonnes of propylene will be used for producing acrylic acid, acrylates and oxo-alcohol. These petrochemicals find use in the manufacturing of paints, water treatment products, detergents, adhesives, sealants, solvents, plasticizers, etc.

Panicker said that Kerala, perhaphs, has the highest per capita consumption of paint in the country and only 10% of the demand is met by local producers, who are in the micro and small segments of the industry.

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